“Your father made a good many wild-cat investments when he first came
out here, and the one he apparently thought the worst, for I found no
mention of it among his papers, was the Oro Fino Primo mine, which he
bought from a couple of sharks in the year you were born--that’s where
you got your name, I guess. One of the men was a well known prospector
and the Judge thought he was safe. The ore assayed about eighty dollars
a ton, so he took over the claim, paid the Lord knows how much to the
prospector, who promptly lit out, had it patented, and set a small crew
to work under a manager. They found nothing but low grade ore, which
in those days roused about as much enthusiasm as country rock. The
mine had been salted, of course. It was some time before your father
would give up, and he spent more than the necessary amount of money
to perfect the patent; always hoping. When he was finally convinced
there was nothing in it he quit. And it was characteristic of your
father that when he quit he quit for good. He simply dismissed the
thing from his mind. Well, times have changed since then. New processes
and more railroads have caused fortunes to be made out of low grade
ore when there is enough of it. Some people would rather have a big
lode of low grade ore than a pockety vein of rich quartz. As you know,
abandoned mines are being leased all over the state, and abandoned
prospect holes investigated. Well, there you are. This morning two
mining engineers from New York came into my office with a tale of woe.
They came out here to look about, and after considerable travel within
a reasonable distance of railroads found an old prospect hole with a
shaft sunk about fifty feet. It looked abandoned all right, but as
the dump was still there and they liked the looks of it they went to
the De Smet ranch house--the hole is just over the border of Greg’s
ranch--and made inquiries. Oakley, who is a monomaniac on the subject
of intensive farming and doesn’t know a mine from a gopher hole, told
them that the adjacent land belonged to no one but the government.
So they staked their claim, recorded it in Virginia City, retimbered
the shaft and sank it twenty feet deeper. They began to take out ore
that looked good for fifteen dollars a ton. Then along comes an old
prospector and tells them the story of the mine. They leave their two
miners on the job and post up to Helena to have the records examined
in the Land Office. There, sure enough, they find that the mine was
duly patented by Judge Stratton, and all of the government requirements
complied with. So they come to me. They want a bond and lease for
three years--which means they may have the privilege of buying at the
end of the lease--and offer you ten per cent. on the net proceeds. I
haven’t given them my answer yet, for I’m going to take Greg out there
next Sunday and have a look at it. There was a sort of suppressed
get-rich-quickishness in their manner, and their offer was not what
you would call munificent.
Public-domain text, read in full here on John Shaqi.
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